'S-HERTOGENBOSCH, Netherlands & MENLO PARK, Calif.—(BUSINESS WIRE)—July 7, 2004—
Tele Atlas N.V. announced today that its North American
subsidiary, Tele Atlas North America, Inc., has closed the financing
proposal it received in April 27, 2004, for $210 million
(approximately EUR 175 million). This funding is from a consortium
led by Oak Investment Partners ("Oak") and New Enterprise Associates
("NEA"), and includes TeleSoft Partners, Meritech Capital and IAM.

With the close of funding July 6, 2004, Tele Atlas will finalize
its acquisition of Geographic Data Technologies (GDT) July 7, 2004.

"We are thrilled to finalize these transactions and are looking
forward to bringing together these two great organizations to deliver
added benefits and services to our customers and the industry
at-large," said George Fink, president and COO of Tele Atlas.

About Tele Atlas

Founded in 1984, Tele Atlas is a worldwide leading provider of
digital maps and dynamic location content for a variety of navigation,
location-based services and geospatial products and database
solutions. Tele Atlas' database is a highly accurate reproduction of
today's street network, enabling turn-by-turn route guidance on a high
percentage of European, U.S. and Canadian roads. Tele Atlas'
compatibility with major navigation systems and its open system design
have placed the company's technology at the heart of both consumer and
business-to-business applications worldwide. From logistics to
marketing to traffic and fleet management, in almost every sector of
today's business and consumer world, Tele Atlas has built a reputation
as an acknowledged pioneer and leader in the digital map industry. For
more information, please visit
www.na.teleatlas.com (in North America)
or
www.teleatlas.com (in Europe).